TETELESTAI Notification List

The TETELESTAI(It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

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(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

"Talib national coalition led by Iyad Allawi, the need to reform the central bank's policy in the auction currency management and the dollar exchange rate in the market, expressing concern about the bank's insistence to continue this policy."

Allawi's right, the auction's are riddled with corruption. Wouldn't it be something if the legislators in Iraq (that's you, Allawi) charged, prosecuted and imprisoned those who are stealing from the auctions? The IMF has already advised them to stay on the peg, without the legislation (think Allawi and the rest of the GOI) Iraq can't move to the open market economy and get rid of the auctions.

______________________________________________________rcookie

[are they voting on amnesty law tue 23 aug?]

YES...AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA...______________________________________________________

Breitling

I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point. That’s why we have to watch for them to reduce the note count. Now with the Iraqi Dinar it’s completely opposite. They are INCORRECT on reading the DM1 and DM2 interim report. They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it.

…There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that? So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money. ______________________________________________________

Kaperoni

Article:

"National Coalition calls for reforms in the Central Bank"

Quote:

"He stressed that the so-called auction currency is "non-existent in countries that rely economy"

Allawi is right, that these auctions don't exist in countries with a market economy. That is because these other countries are not stuck in Article XIV trying to prove to the IMF they are ready for Article VIII. That is why Article XIV is called "transitional" as they are suppose to be working diligently on any and all restrictions that may exist so they can move to Article VIII. Allawi indirectly is trying to push the banking system forward with his comments asking for the auctions to end. The CBI has no choice, either get in compliance and succeed in opening the banking system or status quo which is depleting the reserves and keeping investors from coming Iraq. Changes must come soon.______________________________________________________

rcookie

Article:

"Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting"

LOOKS LIKE AMNESTY VOTE PUSHED OFF THURSDAY 25TH...AFTER SHARP ALTERCATION BETWEEN RULE OF LAW AND CITIZEN BLOC OVER WITHDRAWAL OF CONFIDENCE FROM OBEIDI... SO...THE EVENTS IN PARLIAMENT TODAY...THERE WAS A PROPOSAL TO DELAY THE VOTE ON WITHDRAWAL OF CONFIDENCE FOR OBEIDI TODAY...WHICH THE HOUSE VOTED DOWN...AND AS A RESULT THOSE BLOCS WALKED OUT AND CREATED A LACK OF QUORUM NEEDED FOR THE VOTE ON THE OTHER LAWS THAT WERE CUED UP...______________________________________________________

BGG

Article:

"Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting"

[So they did not vote on anything?]

Relax... not the end of the world - no one ever said "if they vote on Tuesday - we'll have an RV...They are moving toward that at a fairly rapid pace... no need to be discouraged.______________________________________________________

Enorrste

Article:

"Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market"

Kap's [Guru Kaperoni] quote of the following makes this perfectly clear: "The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation." One doesn't just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves.

Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes "is not added cash." What could be more clear than this statement? Simply put, you can't just "add cash" in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are "withdrawn" by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn't change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a "carrier", not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free!______________________________________________________

Backdoc

Article:

"Iran to do away with two-tier exchange rate"

TODAYS' EARLIER ARTICLE IMPLIES THAT SOMETHING MAY HAPPEN AS EARLY AS SUNDAY TO ALLOW THEIR CREDIT CARDS TO WORK....WE WILL SEE. CERTAINLY THIS IS ENCOURAGING FOR SURE AND IT MEANS ITS SHIA BROTHER [IRAQ] WILL NEED TO DO THE SAME SINCE THAT WAS PART OF "THE DEAL"! WHAT HAPPENS IN REALITY APPEARS CLOSE NONETHELESS! THIS IS VERY ENCOURAGING...! MAYBE THE AMNESTY LAW IN IRAQ MAY FINALLY GET DONE SOON!______________________________________________________

ADMINBILL

(8:46PM MDT Monday Night)

THE NEWS TONIGHT IS VERY ENCOURAGING. PREPARE YOURSELF AND YOUR FAMILY FOR A PROFOUND CHANGE.______________________________________________________

Aggiedad77

Article:

"Abadi: 2017 budget has reached its final stages"

...if they are indeed handing this over to Parliament... this is warp speed on steroids...the people deserve what is in this budget I believe...IMO.

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